Has ballast water been kicked into the long grass? Time will tell whether the IMO's 'common sense' move works out for the best
Two mergers and a meltdown Container shipping becomes even more concentrated
Container losses at sea shrink An average of 1,582 containers have been lost annually over the past nine years
RMT creditors approve nine-boxship sale to Navios for $54m Sale will give Rickmers Maritime Trust creditors $27m
Bourbon joins bid to build world's first autonomous OSV French marine offshore services outfit will provide detailed input to the development and design
Spot rates hold firm post GRI Renewed market confidence points to bumper peak season, but rates could come under pressure in the latter stages of the...
Potential Opec curbs on Libya and Nigeria threaten crude tankers The two African countries account for bulk of Opec's oil supply growth, and suezmax and aframax demand
Kugs das blog Life on the inside... the making of a maritime journalist
Why the G20 talks matter to shipping Leaders pledge to eliminate the use of CO2-emitting fossil fuels from energy and transport despite the US withdrawal from UN...
August US imports could hit record high as retailers stock up Forecasts attributed to back-to-school buying and subsequent holiday season stocking up
Supramax rates show few signs of reversing their decline But newbuilding market remains active, with eight new orders this week
Tui offloads remaining Hapag-Lloyd stake Transaction took place via an open market block trade
VLCC spot rates start week on a solid note Middle East to Japan route rises 21% on week to above $22,500 per day
Cosco Singapore and Sevan postpone drill rig delivery Deferral period pushed back to allow further negotiations
Daily Briefing
LNG bunkering alliance ropes in first Chinese port Port of Ningbo-Zhoushan, Port of Marseille Fos and Port of Vancouver are new members of LNG bunkering focus group
Supply growth forecast to moderate in dry bulk and containership sectors But the tankers segment could see a substantial rise in capacity, says Moody's
Excelerate lines up Bangladesh FSRU loan World Bank-backed group will help arrange debt financing package for Bangladesh project.
Harland & Wolff sees 'unacceptable' results Belfast-based shipyard suffers from continued drop in business from oil and gas sector.
Autonomous vessel part of Bourbon's 'transformational plan' French owner explains project fits its aim to stay competitive in the digital age.
Maersk restoring customer data after Petya UPDATE: Maersk's quoting and rating system is running, and it is restoring customer information after cyber-attack.
HSH Nordbank sells out $570m bond German lender raises cash as debt sale substantially over-subscribed.
ICTSI to deepen the Congo river Philippines port group launches dredging project to bring in mainline ships.
DryShips wins legal battle over shares Economou company says court denies attempt by investor to block new issues.
Kim Heng takes cash from expansion fund Singapore owner and yard group says $3.6m of IPO money used for working capital.
WSC: fewer containers being lost at sea Liner council says total figure down 48% over the last three years.
Sealink clinches new charter and sells two Malaysian offshore vessel owner expects positive contribution from series of deals worth around $12m.
2Go share trading to resume Philippines stock exchange says suspension to be lifted after owner restated profit.
Rickmers Maritime creditors to share $27m Recovery rate of 11% as HSH approves sale of last nine boxships to Navios for $54m.
Cosco takeover to swell Tung family coffers Hong Kong family set for a $1bn boost should Cosco complete swoop for Orient Overseas.
CLC IPO approved by Philippines SEC Dennis Uy tanker company's $157m listing set for end of July.
Bourbon joins autonomous offshore vessel project Jacques de Chateauvieux-fronted company signs up to develop unmanned offshore support vessel.
Bidder emerges for laid-up ferry Auction deadline extended in the US as Alaska tries to offload Taku.
TUI sells out of Hapag-Lloyd with cash set for cruise newbuildings Tourism group sheds last non-core asset with money to be diverted into existing cruiseship projects.
BC Ferries to add a ship per year Canadian owner's fleet expansion to last 12 years at potential cost of $650m.
Flex LNG eyes main board listing in Oslo John Fredriksen shipowner wants to step up from Oslo Axess.
DEME agrees takeover of A2Sea Siemens and DONG Energy selling offshore owner to Belgian company.
Swiber wins extra time for debt overhaul Singapore high court gives bankrupt offshore vessel operator until late October to finalise plans.
ADES wins new Egyptian offshore contract Recent London IPO debutant also announces extended deals for two other drilling rigs.
Cathay Pacific to buy DHL stake in Air Hong Kong Hong Kong-based airline Cathay Pacific will purchase the remaining 40 percent stake in freighter carrier Air Hong Kong (AHK) - currently he...
POLB posts 2nd highest June volumes in its history The Port of Long Beach saw over 658,000 TEUs of containerized cargo move across its docks last month, making it the second-best June in his...
New supply chain connectivity provider emerges A new supply chain connectivity provider said Monday is has released the beta version of its platform. The company, Chain.io, said its pla...
New chassis leasing pool for LA/LB drayage truckers opens A new option has emerged for drayage truck drivers looking for chassis to use when hauling goods to and from the Los Angeles-Long Beach por...
Port of NY/NJ box volume growth continues in May The Port of New York & New Jersey handled a total of 565,052 TEUs in May, up 7.6 percent from May 2016, according to data provided by t...
Heartland Express snatches up trucking company in $113m deal North Liberty, Iowa-based trucking and logistics company Heartland Express, Inc. has acquired 100 percent of the outstanding stock of Inter...
Maersk asks FMC for service contract rate exemption following Petya attack Maersk Line A/S has filed for an exemption from service contract filing rules due to the Petya cyber-attack in late June, according to the ...
OIG to investigate federal PTC funding The U.S. Department of Transportation's Office of Inspector General (OIG) said it is launching a multi-part audit to address concerns about...
WSC: Over 600 containers lost at sea annually Roughly 600 shipping containers were lost at sea annually between 2014 and 2016, according to the results of a new survey by the World Ship...
Oil strengthens, pushing NYMEX August crude above $45/b Oil futures increased Tuesday, lifting NYMEX August crude 64 cents to $45.04/b as the complex stabilized after the Energy Information Administration revised downward its estimate for 2018 US production.
External: Wired Bunkering
Italian bunker trader Fratelli Cosulich targets Singapore expansion Italian bunker trader and supplier Fratelli Cosulich Group aims to add another bunker barge in Singapore within the next two-three months to expand its operations, as growth in the world's largest bunkering port is expected to remain healthy, CEO Timothy Cosulich told S&P Global Platts on Tuesday.
FUTURES: Oil ticks up but supply woes continue to put pressure
Volume of bunker alerts issued in H1 points to record year, says VPS VPS issued 33 alerts over short-term quality issues at 24 ports over January-June.
OPEC/Non-OPEC Jun oil output cut averaged 1.75 mil b/d -- Russia's Novak Compliance among OPEC's 12 countries with quotas under the agreement remains robust at 116%.
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